ARKA News Agency Turns 24!

Today, ARKA News Agency celebrates its 24th birthday. Let’s say at once that this time we have to celebrate our holiday unusually – in self-isolation. But a year earlier, no one could even imagine that the WHO would declare a pandemic because of a new coronavirus, and that the word “pandemic” itself would become the most popular on the planet. No one could even imagine that humanity would be faced with a choice: either to save ourselves, self-isolating and working at a distance (where it is possible), and fail the economy with all the ensuing consequences, or cancel quarantine, return to work, develop collective immunity, and then – just a luck of the draw. Well! We all understand that a tough time has come and that we will have to live with this for a long time. We also realized that we really need each other. It is already obvious that when all this is over, the world will become different, and in this changed world, only those who have not despaired and managed to survive can be successful, as well as those who will certainly tell about it in their stories.
ARKA News Agency Staff

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“We are switching you to 5G, type a command”: IDBank warns about a fraud disguised as a “network update”

Amid the active expansion of fifth-generation mobile networks in Armenia, a rise in fraud activity has been recorded. Scammers, posing as employees of telecommunications companies, offer to “upgrade settings” or “activate 5G” using phone commands.

In Armenia, 82% of the country’s financial system assets are accounted for by the banking system – Central Bank

The assets of Armenia's banking system continue to dominate the country's financial system, accounting for approximately 82% of total assets, or approximately 12 trillion drams, said Martin Galstyan, Chairman of the Central Bank.

Central Bank of Armenia expects inflation to return to the target level in the medium term

The Central Bank of Armenia expects inflation to return to the target level in the medium term, said Central Bank Chairman Martin Galstyan, answering a question from the ARKA news agency.

Government securities dominate Armenia’s capital market, with a volume of approximately $7.4 billion – Galstyan

Government securities dominate Armenia's capital market, with a volume of approximately $7.4 billion in circulation, stated Martin Galstyan, Chairman of the Central Bank of the Republic.

Armenia’s banking system is capitalized significantly above regulatory requirement: Central Bank Governor

Armenia's banking system is adequately capitalized and has sufficient liquidity buffers, stated Central Bank Governor Martin Galstyan.

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